JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $48.32 and last traded at $48.3550, with a volume of 251666 shares. The stock had previously closed at $48.49.
JPMorgan Municipal ETF Trading Down 0.2%
The stock has a fifty day simple moving average of $49.40 and a two-hundred day simple moving average of $50.01. The company has a market cap of $8.33 billion, a PE ratio of 9.96 and a beta of 0.23.
Institutional Trading of JPMorgan Municipal ETF
Hedge funds have recently modified their holdings of the business. HB Wealth Management LLC acquired a new stake in JPMorgan Municipal ETF in the second quarter valued at $730,906,000. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock worth $686,401,000 after purchasing an additional 12,818,224 shares during the period. LPL Financial LLC increased its holdings in shares of JPMorgan Municipal ETF by 44.5% in the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after purchasing an additional 1,702,513 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of JPMorgan Municipal ETF by 32.5% in the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after purchasing an additional 1,044,894 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of JPMorgan Municipal ETF by 29.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares during the period.
About JPMorgan Municipal ETF
The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds an actively managed portfolio of various US municipal securities. JMUB was launched on Oct 29, 2018 and is managed by JPMorgan Chase.
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